Payday loans are considered to be short term loans since they are to be paid back in a week or two. Since the background is not as strenuous as it would be at a bank. The idea behind payday loans is that you can take care of the emergencies that pop up before payday. A cash advance payday loan is a short term loan that you need to payback in a week or two. If the time comes and you cannot pay the loan back, you can ask to extend the loan. If you need longer to pay the loan back, there will be additional fines and fees. It can almost double what you initially borrowed.

When would anyone need a cash advance? So that the bills don’t fall behind. Such positions generally develop when a human lives beyond his means or goes wrong to keep up a family budget. It may be hard to get back on tract but these loans can help.

Is it wise to get this loan? It could be a good thing to get a wedding loan (how it works info) if you are in a tight spot. Make sure you can pay off the loan on the agreed upon date. The following are some examples of when a payday loan is a wise choice:

If you think you will bounce a check, you may want to consider getting a payday loans. The tolls of a bounced check might sum up to more than the price of acquiring a payday loan. Acquire payday loans if not bearing for your prompt demand entails serious long-run aftermaths. In case the late fee for not clearing a defrayal will be higher than the price of the payday loan.

You will want to make sure you will be getting the loan for a good purpose. If you look at the fees of the loan are not as bad as the fees you will face if you don’t get the loan. Paying the bills late should not be an option. The lone major aftermath of this loan or liquid cash is the fee implied, which might happen to be a little quantity but may sum up to a big amount if you acquired it with a long term view.

It’s not judicious to acquire these loans to attain an impulsive buying or to acquire a little pocket money or when it’s not essential to acquire one. If you cannot pay the loan off when it is due, you will face heavy fines and fees. Only take a cash advance if you truly need one. Studies have displayed that the number of folks acquiring these loans or liquid cash and the number of parties proposing these loans are rising.

1. My own homework: made up an Income/Expense schedule for DH’s pay periods based on what I project his take home to be. It’ll be tight, but better than going backward.

2. Landed a child-transport job. It’s not much- $200 a month for about 15 hours of work…and it is all concentrated in the mornings. I’m going to put it in to BEF, then stockpile it towards paying off debt (if I can keep DH from overspending because he thinks it’s “free” money.)

3. re: budgeting.

It is hard, especially if you are not used to it. Some people (not saying you are) make it harder than it needs to be. The friends of ours who just moved out of state used to make it SO MUCH HARDER than necessary. Wife kept insisting that she had to keep ALL the receipts from EVERY expenditure EVERY MONTH for 4 months before she could set a realistic budget. So (here’s a surprise) consequently, she never did one, let alone followed one.

Personally, I prefer the “close enough” method. Which is:

Rent or mortgage
Utilities (take the highest one of each type and use that as your base point)
Credit card minimums (list each one)
Gas for the car
Car Insurance
Cable
Internet
Phone-landline
Phone-cell
Anything else that has a recurring monthly (child care, child support, medical, tuition)
Groceries (I used to take everything I spent at a grocery store whether it was for groceries or cash and added that up. If it was astronomical I’d decide what was “reasonable” and use that as a budget point)

I don’t capture every single dime. Over time I do, but starting out the first few months, that just leads to money exhaustion.

Larry hit us a few times this week. We found a leak near a window we are fixing ourselves. Our fridge is dying but we seen that coming. So, that should all be no major deal. No emergency fund needed. Woohoo !!! I am working on a outline budget through Jan. We have a few major things we want to accomplish before then. So, we are going to go back to super frugal living to get those done. We got all the older kids school supplies and the younger kids home school stuff done. The best part of today is being on Dave’s Show at 3 CST !! I am pretty excited about that. All in all a good week larry or not.

Although we do have cheap blue tarps everywhere. You know you’re a VS redneck when you have a budget line item and/or sinking fund for yearly replacement cost of cheap blue tarps. Even cheap blue tarps get expensive if you use a lot of ’em. Bet that car didn’t cost much though. Maybe that’s where LT beaters go to die when we’ve driven the wheels right off them. They’re turned out to pasture! Ha!

I’ve not paid much attention to how things are being taught these days. Apparently a lot has changed in 30 years. I saw this article and wondered whether anyone in the blog has kids participating in this method of teaching, and what they think of it:

This actually may have a lot to do with financial issues down the road, and DR in particular, because this lesson approach puts a lot more emphasis on figuring out where some obstacle is holding up the works, and taking responsibility for changing it. That mental discipline is sorely lacking in a lot of adults, and it’s in the background for a lot of the issues we talk about here. So I’m very curious what parents might think of this alternate method of teaching. Maybe/hopefully it creates a different mindset that would avoid those problems before they became problems. Comments?

that for some reason saved all her reimbursement checks over the course of like 4 years and when she was leaving the firm, wanted to cash them. I think we told her No and had to re-issue 1 check for all the amounts. This is why I impose direct deposit on as many items as I can. If AP doesn’t call people on checks outstanding after 3 months, you will have these kind of problems.

One of the board members would hold checks and give them to his assistant to deposit maybe a couple times a year. The bank (don’t know if it was his or or the company’s) wouldn’t cash anything over six months old, so his assistant would have to ask us to replace the old checks. This happened several times. It would have been easier on all concerned if he had given them to his assistant even once every 3-4 months.

Same company. Our bank paid a check that was about ten years old and had long since been removed from the outstanding check list. We didn’t ask the bank why they honored such an old check simply because it was for less than $20 and we didn’t have time to bother with such a small amount.

At another company, we had a check cashing business try to collect on a check that had a stop payment on it. When we pointed out that the check had “Void After 90 Days” printed on it, they dropped their claim since they had cashed it well after the 90 days.

I think if an account has a requirement for two signatures (and maybe other specifics) they are handled manually. Our fire district has a two-signature requirement and the bank does catch checks that aren’t signed by two board members. (The check gets cashed when someone deposits it, but one of our board has to go to the bank and sign the check.)